Four major technology companies potentially eyeing an IPO in 2018 include Spotify, Lyft, Airbnb, and WeWork. Reuter's BreakingViews Global Editor Rob Cox shares why these companies are poised for further disruption in their marketplaces.
"FAANG" is considered the stock market theme of 2017 says Cox. But "SLAW" is considered the next generation of large start-up disruptive companies. The acronym stands for Spotify, Lyft, Airbnb, and WeWork. If and when Lyft enters the public market, it will be the first time we get a glympse into the public play of transportation as a service says Cox.
Cox also shares his predictions for which city will be chosen as Amazon's second headquarters. "Amazon fundamentally could transform a city," says Cox. Choosing a city in need could help Amazon win public approval.
A majority of Americans support higher pay for auto workers who are on strike against Detroit's Big Three carmakers, although approval of the workers' other demands is more mixed, according to a poll from The Associated Press-NORC Center for Public Affairs Research.
The ongoing United Auto Workers strike expanded Thursday in a major blow to Ford as the union ordered 8700 workers to walk off the job at the automaker giant's largest plant.
A retired bank official testified that former president Donald Trump obtained hundreds of millions of dollars in loans based on financial statements that have since been deemed fraudulent.
